43,000 Line-Kilometre Survey Being Acquired In Gascoyne Region
Dreadnought Resources Limited (ASX:DRE) has commenced a significant airborne magnetic-radiometric survey at Mangaroon located in the Gascoyne region of Western Australia.
The detailed survey will be flown with 50m line spacing at a low altitude and will be a significant improvement on the existing public data flown at 500m line spacing in the 1990s.
The survey data is expected to highlight additional REE anomalies and to allow for mapping under shallow cover to trace the ironstones.
Managing Director, Dean Tuck, said that in addition, structural gold targets are also expected to be identified. This work will assist in designing drill programs to commence in the March 2022 quarter.
“The detailed airborne magnetic radiometric survey will be the first major project scale survey over Mangaroon since the widely-spaced surveys in the 1990s,” Mr Tuck said.
“When a similar survey was flown over the nearby Yangibana REE project in 2016, not only were the ironstones better defined but new discoveries were made.
“We are excited for the results of the survey to assist in further target generation ahead of REE resource and discovery drilling in the March 2022 quarter.
“Structural gold targets around the high-grade Cullen’s Find are also expected to emerge. In the interim, the upcoming Kimberley program remains on schedule with field crews on site and the drill rig arriving later September 2022.”
Ongoing and Upcoming Work Programmes
Ongoing: Mapping and rock chipping along the Money Intrusion for Ni-Cu-PGE target generation
Commenced: Project wide multi-element stream sediment sampling Commenced: Petrological and mineralogical analysis of rocks from Yin
Commenced: Detailed airborne magnetic-radiometric survey over REE ironstones
October: Fixed Loop EM Surveys along the Money Intrusion for Ni-Cu-PGE target definition For further information please visit: https://www.dreadnoughtresources.com.au/
